* According to Gartner, in 2020, Amazon held almost 41 per cent of the market for cloud-computing infrastructure services - more than double the market share of Microsoft. It has been accused of being hypercompetitive, whether rolling out products that trample those of partners, or seeking to commercialize open-source projects built by others. * AWS staked its claim as the leader in a new era of computing. AWS launched its first major offerings three years later. AWS gets approval * In 2003, Jassy's proposal to set up AWS was approved by the board, bringing it to market before high-tech rivals Microsoft and Google. * Bezos was already a Jassy fan-even saving his job during a round of layoffs in the marketing department and dubbing him “one of our most high potential people,” according to a member of Bezos’s executive team, Bloomberg said. * For about 18 months, Jassy followed Bezos everyday, sitting with him in meetings. Jassy and Bezos * After holding various positions in the company, Bezos asked Jassy to become his shadow - a temporary chief-of-staff like posting that was awarded only to most promising managers. * As per Bloomberg billionaires index, Jassy holds a net worth of roughly $500 million. * He is also known to be an obsessive fan of guitar-heavy rock, East Cost jam brands and singer-songwriters. He was a skilled youth tennis player, engaged in soccer and considered himself a jock. * Jassy moved to New York to pursue a career as a sportscaster. * His father led a prominent Manhattan law firm, while his mother was a homemaker. Add to that the higher cost of energy and persistent supply chain issues, and Amazon was suddenly facing some challenges that were beginning to have a serious impact on earnings.Personal life * According to news agency Bloomberg, Jassy grew up in Scarsdale, an affluent suburbs in New York, with two other siblings. As we headed into 2022, other macroeconomic factors began to affect commerce - online and brick-and-mortar - as inflation soared and consumers’ buying power began to diminish. Suddenly, everyone wasn’t buying everything online anymore. The future was bright, but as Jassy took over last year, people were heading out again. The company’s revenues mushroomed and its workforce exploded, with the organization adding an astonishing 800,000 workers, mostly in its warehouses (per The Wall Street Journal). People stuck in lockdown turned to Amazon for their goods. Like many chief executives, he inherited the problems left behind by his predecessor.ĭuring the pandemic, Amazon became the general store for the world. Much of what has happened has been out of his control. So when Bezos announced he was stepping down early last year, it didn’t take long for the organization to turn to Jassy, whose hard work at AWS and his deep understanding of company culture seemed to make him the perfect heir apparent.īut things haven’t necessarily gone as planned since he took over the leadership role in July 2021. He made it into the crown jewel of the company. It wasn’t exactly a rise from the mailroom, but Jassy was there as founder Jeff Bezos’ aide-de-camp when they came up with the idea of AWS in the early 2000s at an executive offsite. But before he reached the corner office, he helped build Amazon Web Services, its cloud arm, into a $60 billion juggernaut. In an age when people switch jobs frequently, he has been at Amazon for 25 years, working his way up to president and CEO. ![]() ![]() Amazon CEO Andy Jassy is the definition of a company man.
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